NBD AI Bulletin - Shanghai Putailai New Energy Technology Co Ltd (the Company, SH 603659, close price: 171.5 yuan) on December 7 stated that as at November 30, 2021, the balance of the Company's actual guarantee stood at 4.801 billion yuan, representing 53.86% of the Company's audited net assets attributable to the parent company for 2020. The Company plans to increase the amount of guarantee for 2022 by 9.97 billion yuan, representing 111.85% of the Company's audited net assets attributable to the parent company for 2020.

The 2020 annual report shows that Shanghai Putailai New Energy Technology Co Ltd's main business is lithium battery materials and equipment, accounting for 99.72% of revenue.

Shanghai Putailai New Energy Technology Co Ltd's chairman is Liang Feng, male, 53 years old, with a master's degree. Shanghai Putailai New Energy Technology Co Ltd's general manager is Chen Wei, male, 50 years old, with a bachelor's degree.

(By Lan Suying)

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